UAV Drone IndustryGlobal Unmanned Aerial Vehicle (UAV) Drone Market to Beat a

August 30, 2021by helo-10
https://coreheli.com/wp-content/uploads/2021/06/95a867ce-3780-4ace-8da5-32bead68c6b7.jpeg


New York, USA, Aug. 17, 2021 (GLOBE NEWSWIRE) — According to a report published by Research Dive, the global UAV drone market is projected to register a revenue of $55,649.0 million at a CAGR of 19.9% during the forecast period (2020-2027), increasing from $19,528.6 million in 2019. The inclusive report provides a brief overview of the current scenario of the market including significant aspects of the market such as growth factors, challenges, restraints, and various opportunities during the forecast period. The report also provides all the market figures making it easier and helpful for the new participants to understand the market.

Download Free Sample Report of the Global UAV Drone Market: https://www.researchdive.com/download-sample/8348

Dynamics of the Market

Drivers: The main driving factor of the growth of the market is the manifold applications of drones by the military and defense sector. The drones are used for different purposes such as surveillance, target acquisition, reconnaissance, intelligence, and carrying aircraft ordnance such as ATGMs, missiles, and/or bombs in targeted points for drone strikes. As drones are controlled remotely, chances of getting caught is almost none. These are the major factors enhancing the growth of the market during the forecast period.

Check out How COVID-19 impacts the Global UAV Drone Market: https://www.researchdive.com/connect-to-analyst/8348

Restraint: There are many rules and regulations for operating drones which is expected to hinder the growth of the market.

Opportunity: Incorporation of IoT in drone system is going to create many growth opportunities for the market in upcoming years.

Key Segments of the Market

The report has divided the market into different segments based on product, application, end-user, and regional outlook.

Check out all Aerospace & Defense Industry Reports: https://www.researchdive.com/aerospace-and-defence

Product: Fixed-Wing Sub-Segment Expected to be the Most Lucrative

The fixed-wing sub-segment surpassed a revenue of $14,177.9 million in 2019 and is further anticipated to grow with a CAGR of 19.7% during the analysis period. The main factor enhancing this growth is that these drones can fly for longer hours compared to other drones, which has increased the demand for fixed-wing drones.

Application: Military and Defense Sub-Segment Predicted to be the Most Profitable

Military & defense sub-segment recorded a revenue of $13,275.3 million in 2019 and is further forecasted to grow at a CAGR of 20.8% in the analysis period. The main factor enhancing the growth of this segment is the increasing adoption of drones by the military & defense sector for performing many different operations.

Access Varied Market Reports Bearing Extensive Analysis of the Market Situation, Updated With The Impact of COVID-19: https://www.researchdive.com/covid-19-insights

End-User: Military Sub-Segment Expected to Raise the Highest Market Share

Military end-user sub-segment recorded a revenue of $13,541.8 million in 2019 and is further anticipated to grow at a CAGR of 19.6% during the forecast period. This growth can be attributed to the applications of drones in military sector such as weather monitoring, surveillance, firefighting, search, and rescue.

Region: Asia-Pacific to Grow at Significant Rate

The Asia-Pacific regional market recorded a revenue of $5,759.0 million in 2019 and is further predicted to dominate the market growing at a CAGR of 21.7% during the forecast period. The major driving factor of this market is the increasing deployment of original equipment manufacturer (OEMs) towards the development of UAV drones. Apart from this, the drones are being extensively used in precision agriculture in the Asian countries. This is the main reason fueling the growth of the market during the forecast period.

Key Players of the Market

• General Atomics
• Northrop Grumman
• Textron Inc.
• Boeing
• SZ DJI
• Parrot
• 3D Robotics
• Aeryon Labs
• Aerovironment
• Thales

These players are working on developing strategies such as product development, merger and acquisition, partnerships and collaborations to sustain the market growth.

Recent Development

In April 2021, General Atomics (GA) and Commonwealth Computer Research, Inc. (CCRi) announced about the acquisition of CCRi by GA. CCRi is a leader in software engineering and data analytics for delivering real time, global situational awareness to government and commercial customers.

This acquisition is expected to accelerate the delivery of actionable intelligence through the dynamic conversion of data to knowledge.

Impact Analysis of Covid-19 on the Market

The coronavirus pandemic has impacted the market in a positive way.

As lockdown and restrictions were imposed across nations, governments used drones to survey the affected areas and monitor the movement of people in the densely populated areas. Moreover, many delivery agencies were seen taking help of drones to safely deliver packages in restricted areas. These are the factors that propelled the growth of the market during the pandemic.

The report also offers several industry-top tactics and approaches such as top strategic moves & developments, product/service range, business performance, Porter five forces analysis, and SWOT analysis of the foremost players, functioning in the global industry. Click Here to Get Absolute Top Companies Development Strategies Summary Report

TRENDING REPORTS WITH COVID-19 IMPACT ANALYSIS

Satellite Data Services Market: https://www.researchdive.com/8424/satellite-data-services-market

EVTOL Aircraft Market: https://www.researchdive.com/166/evtol-aircraft-market

Airborne Sensors Market: https://www.researchdive.com/8351/airborne-sensor-market

        



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

There is more to being a drone pilot than just buying a machine and flying in your backyard. It can be that simple, but most of us will need to understand some drone laws before we try to take to the sky.

SUBSCRIBE NOW

    Objectively innovate empowered manufactured products whereas parallel platforms.